Bar Harbor Bankshares (NYSEAMERICAN:BHB) Stock Position Lifted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Bar Harbor Bankshares (NYSEAMERICAN:BHB) by 104.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,219 shares of the financial services provider’s stock after purchasing an additional 11,868 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of Bar Harbor Bankshares worth $710,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BHB. Empowered Funds LLC grew its stake in shares of Bar Harbor Bankshares by 5.2% in the third quarter. Empowered Funds LLC now owns 43,633 shares of the financial services provider’s stock worth $1,346,000 after purchasing an additional 2,144 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Bar Harbor Bankshares by 196.1% during the third quarter. Thrivent Financial for Lutherans now owns 23,019 shares of the financial services provider’s stock valued at $710,000 after buying an additional 15,245 shares in the last quarter. Moors & Cabot Inc. bought a new position in Bar Harbor Bankshares during the third quarter valued at about $214,000. Foundry Partners LLC boosted its stake in Bar Harbor Bankshares by 0.9% during the third quarter. Foundry Partners LLC now owns 94,435 shares of the financial services provider’s stock valued at $2,912,000 after buying an additional 870 shares in the last quarter. Finally, Camden National Bank bought a new position in Bar Harbor Bankshares during the third quarter valued at about $214,000. Institutional investors own 54.49% of the company’s stock.

Bar Harbor Bankshares Stock Down 2.8 %

Shares of BHB stock opened at $29.73 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.96 and a quick ratio of 0.96. Bar Harbor Bankshares has a fifty-two week low of $23.26 and a fifty-two week high of $38.47. The company has a market capitalization of $453.98 million, a PE ratio of 10.43 and a beta of 0.72. The company’s 50-day moving average price is $31.18.

Bar Harbor Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 20th were given a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. Bar Harbor Bankshares’s dividend payout ratio (DPR) is 42.11%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their target price on Bar Harbor Bankshares from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, March 17th.

Bar Harbor Bankshares Profile

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides banking and nonbanking products and services primarily to consumers and businesses. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.